May 20 Corn closed at $3.3/bushel, down $0.015 from yesterday's close. May 20 Wheat closed at $5.4825/bushel, down $0.01 from yesterday's close. May 20 Soybeans closed at $8.545/bushel, down $0.0025 from yesterday's close. May 20 Soymeal closed at $292.8/short ton, down $1 from yesterday's close. May 20 Soyoil closed at 27.18 cents/lb down 0.3 cents from yesterday's close. Jun 20 Live Cattle closed at $86.675/cwt up $1.875 from yesterday's close. May 20 Feeder Cattle closed at $119.375/cwt up $5.575 from yesterday's close. Jun 20 Lean Hogs closed at $51.45/cwt down $1.2 from yesterday's close. May 20 WTI Crude Oil closed at $26.19/barrel up $2.56 from yesterday's close. ...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.